Forex Day Trading - EUR/USD


This is the 2Day 5Min Chart for EUR/USD
This market fell about 230points yesterday!! The market usually trends sideways the day after a huge move in the market. Apply good money management today and do not over trade.
The market is currently trending sideways. You have a few choices of trades depending on your capital and trading plan.
A pending Buy order can be placed just above the Pivot point at 13050 and a pending Sell order just below the 1st Support at 12880 for cautious traders.
For aggressive traders, a pending Buy order can be placed just above the sideways trend at 12994 and a pending Sell order just below the support of the sideways trend at 12935.

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Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above R1 at 14017 was taken at 9.20am with a Stop loss of 20points and Profit limit of 60points in place. The Stop loss has now been moved to 14012, just below the most recent low point in the market.
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